Churchill Downs, Incorporated (NASDAQ:CHDN) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CHDN to report 3Q20 income of $ 0.74 per share.
For the full year, analysts anticipate top line of $ 1011.60 million, while looking forward to income of $ 0.68 per share bottom line.
Previous Quarter Performance
Churchill Downs, Incorporated reported loss for the second quarter of $ 0.53 per share, from the revenue of $ 185.10 million. The quarterly revenues declined 61.23 percent compared with the same quarter last year. Wall street analysts are predicting, CHDN to report 2Q20 loss of $ 0.55 per share from revenue of $ 119.95 million. The bottom line results beat street analysts by $ 0.02 or 3.64 percent, at the same time, top line results outshined analysts by $ 65.15 million or 54.31 percent.
Stock Performance
Shares of Churchill Downs, Incorporated traded low $ -5.32 or -3.14 percent on Tuesday, reaching $ 164.17 with volume of 131.50 thousand shares. Churchill Downs, Incorporated has traded high as $ 169.71 and has cracked $ 162.71 on the downward trend
According to the previous trading day, closing price of $ 164.17, representing a 220.40 % increase from the 52 week low of $ 52.90 and a 7.55 % decrease over the 52 week high of $ 183.34.
The company has a market capital of $ 6.75 billion and is part of the Consumer Cyclical sector and Gambling industry.
Recent Analyst recommendations
- On 25th September 2020, upgraded by Susquehanna Bancshares to Positive from Neutral rating.
- On 10th September 2020, downgraded by Jefferies Financial Group to Hold from Buy rating, with $ 191.00 target price.
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
